The Nigerian government announced it will not increase petrol and diesel prices for the time being, while also exploring the option of purchasing liquefied natural gas (LNG) from Russia. Th…
On Friday, the United States announced plans to escort commercial vessels in the Strait of Hormuz, a critical maritime passage for global shipping. This move comes in light of increasing te…
The ongoing conflict in the Gulf region has led to a significant surge in fuel prices, affecting Nigeria's economy and development goals. As of early October 2023, the price of petrol has r…
A startling incident has emerged from Punjab, where a local man filled a 1,000-litre diesel tank amidst escalating tensions in the Middle East. This act has sparked widespread discussion on…
Angola's recent rise in oil prices is seen as a positive development for local producers, yet it raises concerns over the potential increase in costs for essential goods. The count…
Portugal has seen a sharp increase in fuel prices this week, with diesel rising by 23 cents and petrol by 7.5 cents, creating ripples across European and global markets. This surge…
Rumours of a potential fuel crisis linked to the ongoing conflict in Iran have sparked widespread panic in Lakhimpur District, Uttar Pradesh, leading to panic buying and long queues at petr…
In a recent statement, Sobre has warned of the escalating conflict in Iran, highlighting potential repercussions for Nigeria. As tensions rise in the Middle East, the implications for Afric…
Zimbabwe has raised fuel prices significantly as global oil tensions escalate, impacting local consumers and businesses. The Zimbabwe Energy Regulatory Authority announced the changes on 1s…
The Nigerian Government has instructed local refiners to maximise their production of Liquefied Petroleum Gas (LPG) while directing oil marketing companies (OMCs) to prioritise supply to do…
In a bold move, former President Donald Trump has promised to implement measures aimed at stabilising oil prices amidst escalating tensions in the Middle East. This announcement comes short…
The recent escalation in tensions surrounding Iran's oil exports threatens to destabilise African economies, particularly Nigeria, a significant oil producer. With the Strait of Hormuz as a…
